Mavvrik Secures $6.2MM Seed Round to Tackle IT Costs
Deal News | Feb 19, 2025 | S3 Ventures
Mavvrik, formerly known as DigitalEx, has announced a successful $6.2 million seed funding round. The round was led by S3 Ventures, with participation from Flyover Capital, Tuesday Capital, ClutchVC, Amplify.LA, and Knoll Ventures. This significant investment will be used to enhance Mavvrik's market reach and drive product innovation in its unified platform for IT financial control. The rebranding to Mavvrik signifies the company’s renewed focus on addressing escalating IT costs through its offerings.
Sectors
- Financial Technology
- Venture Capital
Geography
- United States – The involved companies, such as S3 Ventures and other investors, are based in the United States.
Industry
- Financial Technology – The article focuses on Mavvrik's financial control platform that targets IT costs, falling under FinTech solutions.
- Venture Capital – Involves seed funding and investments made by entities such as S3 Ventures and other involved VC firms.
Financials
- $6.2MM – Amount raised in the seed funding round led by S3 Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mavvrik | Target | Company | Unified platform for IT financial control, formerly known as DigitalEx. |
| S3 Ventures | Lead Investor | Company | A venture capital firm that led the seed funding round for Mavvrik. |
| Flyover Capital | Investor | Company | Participated in Mavvrik's seed funding round. |
| Tuesday Capital | Investor | Company | Participated in Mavvrik's seed funding round. |
| ClutchVC | Investor | Company | Participated in Mavvrik's seed funding round. |
| Amplify.LA | Investor | Company | Participated in Mavvrik's seed funding round. |
| Knoll Ventures | Investor | Company | Participated in Mavvrik's seed funding round. |